GBPUSD: M15 SHORT POTENTIAL

The current trend on the M15 is bearish internally.

So I'm looking for a quick 6:1 trade.

The internal trend might flip and take me out as the PA has been pretty complex this morning.

It will be interesting to see what happens here.

You can see I'm still in a positive M15 trade which got triggered on Friday 14th it's not ideal to still be in a day trade for this long....obviously.

I'm more of a swing trader learning to day trade....hehehe

Anyway lets see how this plays out

Trade fermée: ordre d’arrêt atteint:

Got taken out, this has happened twice now where I did not give the market enough room to breath.

Commentaire:

Ok this is the perfect example of where bias takes over my mindset. In the following image below you can clearly see that the ordeflow is pointing to a long trade.

Regardless of what the overall picture internally is saying. The question is what is happening right now?

This is swing trading mindset trying to adapt to a day trading mindset.

Note to self: Think about what order flow is representing right now, not what you think it could represent in time.

Transaction en cours:

So I've gone in again for another short opportunity going for a 5:1 trade. OF has failed to convince me that we are still moving to the upside for this short.

Commentaire:

This trade got closed out at Break even.

The PA is to choppy for me today. Even though that demand was mitigated it still bounced to reach new internal highs.

Going to have to sit on the sidelines and assess.